Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<div><ul><li>Electrovaya is a leading manufacturer of safe and long-lasting LIBs with differentiated performance and safety attributes, according to the company.</li><li>Electrovaya has two primary battery platforms: Infinity and SSB. The Infinity battery platform targets commercial vehicles, including lithium-ion e-forklifts, e-buses, and e-trucks.</li><li>This product has been launched commercially through global partners, including Toyota, Raymond, and Walmart. </li></ul></div>

Electrovaya is a leading manufacturer of safe and long-lasting LIBs with differentiated performance and safety attributes, according to the company.Electrovaya has two primary battery platforms: Infinity and SSB. The Infinity battery platform targets commercial vehicles, including lithium-ion e-forklifts, e-buses, and e-trucks.This product has been launched commercially through global partners, including Toyota, Raymond, and Walmart. 

Weekly Sustainable Investing Surveyor - Week Ended August 11, 2023

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Capital Markets

SHEIN Global Holdings / Equity Capital Markets

<ul>
<li>Recently we revisited the SHEIN vs Amazon shopping comparison we first tried in Dec 2023</li>
<li>For the items we purchased 17 months ago, total cost at AMZN was largely unchanged</li>
<li>But at SHEIN, those items almost tripled in cost, still feature slow transits, difficult returns</li>
</ul>


Recently we revisited the SHEIN vs Amazon shopping comparison we first tried in Dec 2023
For the items we purchased 17 months ago, total cost at AMZN was largely unchanged
But at SHEIN, those items almost tripled in cost, still feature slow transits, difficult returns


SHEIN Vs Amazon, Part II: What Changed Since Our Last Shopping Adventure? SHEIN Cost Nearly Tripled!

Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Emerging Market Equities

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

<ul>
<li>The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.</li>
<li>
 Macro data points: Chinese GDP, industrial production, retail sales, exports; South Korean GDP</li>
<li>
 Companies mentioned:<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a>, <a href="https://www.smartkarma.com/entities/flipkart-online-services-private-limited" target="_blank" data-smartkarma-citation="entities:31076:1" rel="noopener">Flipkart Online Services (1398508D IN)</a>, <a href="https://www.smartkarma.com/entities/walmart-inc" target="_blank" data-smartkarma-citation="entities:11134:1" rel="noopener">Walmart (WMT US)</a>
</li>
</ul>


The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.

 Macro data points: Chinese GDP, industrial production, retail sales, exports; South Korean GDP

 Companies mentioned:SK Hynix (000660 KS), Flipkart Online Services (1398508D IN), Walmart (WMT US)



GEM Weekly (28 Oct 2022): China GDP, Retail Sales, South Korea GDP; SK Hynix, Flipkart

<ul>
<li>SHEIN announced it wants a role in reforming US de minimis import regulations</li>
<li>A tightening of de minimis threshholds could undermine SHEIN (and Temu) in the US</li>
<li>The de minimis issue highlights SHEIN's and Temu's lack of political allies in the US</li>
</ul>


SHEIN announced it wants a role in reforming US de minimis import regulations
A tightening of de minimis threshholds could undermine SHEIN (and Temu) in the US
The de minimis issue highlights SHEIN's and Temu's lack of political allies in the US


Why SHEIN and Temu Are Worried About Reform of De Minimis Imports into the US

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shein-global-holdings" target="_blank" data-smartkarma-citation="entities:55372:1" rel="noopener">SHEIN Global Holdings (SHEIN HK)</a> (SHEIN), a global online fashion and lifestyle company, aims to raise up to US$3bn in its Hong Kong listing.</li>
<li>Shein is a global online fashion and lifestyle company serving approximately 273m active customers in approximately 160 markets in 2025.</li>
<li>In this note, we talk about the positive aspects of the deal.</li>
</ul>



SHEIN Global Holdings (SHEIN HK) (SHEIN), a global online fashion and lifestyle company, aims to raise up to US$3bn in its Hong Kong listing.
Shein is a global online fashion and lifestyle company serving approximately 273m active customers in approximately 160 markets in 2025.
In this note, we talk about the positive aspects of the deal.


Aequitas: Shein - The Positive - Global Reach

United States

Walmart Inc. operates discount stores, supercenters, and neighborhood markets. The Company offers merchandise such as apparel, house wares, small appliances, electronics, musical instruments, books, home improvement, shoes, jewelry, toddler, games, household essentials, pets, pharmaceutical products, party supplies, and automotive tools. Walmart serves customers worldwide.

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Walmart (WMT US)

Weekly Sustainable Investing Surveyor - Week Ended August 11, 2023

Electrovaya is a leading manufacturer of safe and long-lasting LIBs with differentiated performance and safety attributes, according to the company.

Water Tower Research

SHEIN Vs Amazon, Part II: What Changed Since Our Last Shopping Adventure? SHEIN Cost Nearly Tripled!

Now that fast fashion giant SHEIN has finally filed offering documents in Hong Kong, we believe it's a good time to revisit the company's evolution...

Tracking Traffic

GEM Weekly (28 Oct 2022): China GDP, Retail Sales, South Korea GDP; SK Hynix, Flipkart

The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of...

Wium Malan, CFA

Why SHEIN and Temu Are Worried About Reform of De Minimis Imports into the US

Now that fast-fashion giant SHEIN has finally filed offering documents in Hong Kong, we believe it's a good time to revisit the company's recent...

Tracking Traffic

Aequitas: Shein - The Positive - Global Reach

SHEIN Global Holdings (SHEIN HK), a global online fashion and lifestyle company, aims to raise up to US$3bn in its Hong Kong listing. In this note,...

Sumeet Singh

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